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Tele2 Lures Hutchison as Kinnevik Opens to Sale: Real M&A
2013-11-15 20:16:58| Appliances - Topix.net
Tele2 AB , Sweden 's second-largest telecommunications carrier, may be tempting Asia's richest man with the chance to expand in Europe as the company's controlling shareholder concentrates on faster-growing Internet investments.
Tele2 Netherlands loses CEO
2013-11-13 15:51:00| Telecompaper Headlines
(Telecompaper) Gunther Vogelpoel is stepping down as CEO of Tele2 Netherlands. Ernst Jan van Rooijen, CFO of Tele2 Netherlands, has been appointed acting CEO with immediate effect until a replacement is found. Vogelpoel joined Tele2 in 1999 and has held several senior positions in marketing, sales and customer operations at both the Dutch operation and Tele2 Group. He has been CEO of Tele2 Netherlands since early 2011, leading the company's expansion in the mobile market ahead of its expected launch as a full network operator next year. The company did not give a reason for his departure. Tele2 Group CEO Mats Granryd said the company still sees a promising future in the Netherlands, driven by its investment in building a 4G network. He noted however that there are "challenges and possibilities within our consumer fixed broadband that need to be swiftly and sharply addressed". At its most recent quarterly report Tele2 said it was taking measures to address customer satisfaction, after reporting the loss of another 12,000 broadband customers in Q3. Granyd said he was confident the "strong management team" at Tele2 Netherlands would "take the business to the next level".
Tags: netherlands
ceo
loses
tele2
Tele2 Netherlands CEO quits
2013-11-13 01:00:00| Total Telecom industry news
Günther Vogelpoel to leave Tele2 group; CFO of Netherlands business Ernst Jan van Rooijen to step in on interim basis.
Tags: netherlands
ceo
tele2
quits
Tele2 merges with Network Norway, merges One Call and MyCall
2013-11-04 12:39:00| Telecompaper Headlines
(Telecompaper) Tele2 Norway said some 35 full-time equivalent posts will be cut as it announced a merger with its Network Norway arm, and said it is also bringing One Call and MyCall into one unit. Oistein Eriksen will lead One Call and MyCall from 01 November, while Hanne Lovstad is in charge of the merged Tele2-Network Norway entity. Tele2 Norway's CEO Arild Hustad said the reorganisations will improve the company's ability to compete on the Norwegian market.
Tags: call
network
norway
tele2
Tele2 cuts outlook as mobile growth proves more difficult
2013-10-22 08:56:00| Telecompaper Headlines
(Telecompaper) Tele2 has cut its long-term outlook, citing an acceleration in market trends towards unlimited pricing and IP data services in the past six months. The company said these trends are positive in the long term, but will lead to higher costs and increased price pressure in the near term, leading to a downgrade in its targets for the period to 2015. The operator now targets revenue of SEK 32.5-33.5 billion in 2015, versus an earlier goal of at least SEK 35.6 billion, and cut the EBITDA forecast to SEK 6.7-7.3 billion from at least SEK 8.3 billion previously. As a result of the sale of Tele2 Russia and reduced guidance, the dividend for this year will fall to SEK 4.40 from SEK 7.10 in 2012. Tele2 said it will maintain its 'challenger' strategy and focus on the growth markets of Sweden, the Netherlands, Norway and Kazakhstan. In the third quarter, Tele2 showed solid customer growth in the Swedish and Dutch mobile markets, but Kazakhstan moved to negative growth on a change in dealer commissions to improve profitability. Total revenues in Q3 were down 2 percent from a year earlier to SEK 7.529 billion, hurt by the slowdown in mobile, increased competition in fixed broadband and a continued loss of fixed telephony subscribers. EBITDA fell 14 percent to SEK 1.523 billion. The net result was a loss of SEK 194 million versus a profit of SEK 283 million a year ago, due to an increase in tax and an impairment charge of SEK 454 million on the Croatian operations. Capex increased to SEK 954 million on mobile network expansion in key markets, and cash flow was less than a third the year-earlier amount, at SEK 495 million.
Tags: mobile
difficult
growth
outlook
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